Greek Shipowners Double their Ship Orders

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Greek-owned shipping companies made a total of 58 new ship orders in the first half of the year, which is more than twice the number of orders made in the same period last year, according to Report.

The data obtained by the ship valuations specialists show that in January-June 2016 Greek shipowners ordered just 28 vessels, a far cry from the 72 orders made in the first half of 2015.

Global data:

The total order placed globally have amounted in the year to end-June amounted to 245, down 3.5 percent from the 254 orders made a year earlier. The promising statics by Greece proves to be of great significance when the International market has been battling loss and deep in debts.

Greek on top:

The ordering in Greece has restored Greek shipping on top of the shipbuilding orders, followed by China, who lags behind Greece by 40 new ships. A significant decline has been observed from the Japanese who ordered a mere 13 new ships in the January-June 2017 period from 36 last year and 105 in the first half of 2015.

Preference to tankers over dry-bulkers:

Data also point to Greek ship owners sticking exclusively with the two main categories of ships: Greek shippers ordered 42 tankers and 16 dry-bulk carriers. Notably in the last three years the 151 Greek orders have included 104 tankers, given the crisis faced by the dry-bulker industry.

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Source: Ekathimerini